MIDF head of research Imran Yassin Md Yusof (pic) said what will be important is the guidance given by the corporates, as this will provide clues on the earnings trajectory going forward.
PETALING JAYA: It will be no surprise that the second-quarter (Q2) corporate earnings will be a colossal washout as listed companies start to release their financial results this month.
The months of April to June took on the full impact of the movement control order (MCO) and the global economic downturn due to the coronavirus (Covid-19), which will culminate in the worst quarterly results the market has ever seen.
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